RLI surety losses ceded to reinsurers as its book remains in the black
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

RLI surety losses ceded to reinsurers as its book remains in the black

Bernard Goyder
July 22, 2021
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
RLI logo with Craig Kliethermes .jpg

RLI’s reinsurers bore the brunt of an uptick in surety claims after a series of bankruptcies in the energy sector, as the specialty lines carrier’s reinsurance recoveries rose 22.8% in Q2 to $545mn.

RLI president and chief operating officer Craig Kliethermes said that the surety book, which accounted for $30mn in premiums during the quarter, had a “big part” to play in the rise in reinsurance recoveries.

“In

Subscribers, log in here:

Fuel a smarter strategy with our actionable market intelligence

      • Gain a competitive edge and accelerate decision-making
      • Be empowered by insights that transform confusion to clarity
      • Uncover growth opportunities and prepare for potential threats
      • Fuel a smarter strategy for business growth
Request a free trial Already a subscriber? Log in now

Topics

News RLI Earnings
BG
Bernard Goyder
Gift this article